Li Mingyang 6.3 Midday Hourly Chart Market Analysis / Bull and Bear Trading Strategies



‼️Disclaimer: Personal opinions, not investment advice

ETH hourly chart completes a retracement and enters a low-range weak consolidation, consolidation range: support at 1955, resistance at 1994, the stage low of 1955 forms a hard support, above 1994 is a short-term resistance level. The candlestick highs and lows move slowly downward, alternating between bullish and bearish, MACD repeatedly oscillates around the zero line with golden and dead crosses, RSI hovers in the neutral zone of 40-55, no clear trend, judged as a weak range-bound consolidation, trading around buying low and selling high within the range.

BTC hourly chart previously declined unilaterally, stabilized after falling to 68588, with low-range correction and consolidation, range: 68028~69705, the downtrend slows, small candles with slight bullish and bearish movements sideways, downward momentum temporarily exhausted, short-term maintains a range-bound trend.

ETH Long Positions
Entry: Buy in stages on dips within the support zone of 1958-1962
Stop Loss: 1954
Take Profit: First target 1990, second target 1994

Short Positions
Entry: Short in stages on rebounds within the resistance zone of 1990-1994
Stop Loss: 1999
Take Profit: First target 1965, second target 1958

BTC Long Positions
Entry: Enter long on dips within the support zone of 68050-68150
Stop Loss: 68000
Take Profit: First target 69500, second target 69705

Short Positions
Entry: Short on rebounds within the resistance zone of 69550-69705
Stop Loss: 69780
Take Profit: First target 68200, second target 68050

If the price effectively breaks above the upper boundary of the respective range: cancel the shorting strategy, shift to a bullish bias, abandon the original range strategy. If the price effectively breaks below the lower boundary of the range: cancel the long strategy, shift to a bearish bias, follow the trend to short. Strictly buy low and sell high within the range, avoid chasing rallies and panic selling, control individual position sizes. $BTC
ETH-5.44%
BTC-3.5%
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